Top U.S. Bank Prevents $29M+ in Losses Using Verify Deposit
Faster deposit channels like remote deposit capture and same-day ACH make banking more convenient for consumers. But as transactions speed up, deposit loss prevention solutions must keep pace.
To reduce losses associated with non-sufficient funds (NSF) returns and deposit fraud, banks need to improve their risk assessment controls. And they need to do so without slowing down funds availability for their customers.
Read the case study to see how Verify Deposit helped a U.S. bank with nearly 8 million demand deposit accounts prevent over $29 million in fraud losses in 2022 – and how your bank or credit union can benefit too.